Jefferies Group LLC Reiterates Buy Rating for EZCORP, Inc. (EZPW)

EZCORP, Inc. (NASDAQ:EZPW)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group LLC in a research report issued to clients and investors on Tuesday. They presently have a $12.00 price target on the credit services provider’s stock, up from their prior price target of $10.50. Jefferies Group LLC’s target price points to a potential upside of 21.21% from the company’s current price. Jefferies Group also issued estimates for EZCORP’s Q4 2017 earnings at $0.12 EPS, Q2 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.18 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $0.74 EPS.

A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered EZCORP from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub lowered EZCORP from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Sidoti initiated coverage on EZCORP in a research report on Thursday, August 10th. They issued a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. EZCORP has an average rating of “Hold” and a consensus price target of $10.00.

EZCORP (NASDAQ:EZPW) opened at 9.90 on Tuesday. EZCORP has a 1-year low of $7.55 and a 1-year high of $12.00. The firm has a 50-day moving average price of $9.44 and a 200 day moving average price of $8.75. The firm has a market cap of $537.53 million, a price-to-earnings ratio of 22.81 and a beta of 1.96.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Monday, July 31st. The credit services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). EZCORP had a net margin of 3.16% and a return on equity of 3.65%. The company had revenue of $183.60 million during the quarter, compared to the consensus estimate of $182.10 million. The company’s revenue was up 7.9% on a year-over-year basis. Equities analysts predict that EZCORP will post $0.53 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Investors Inc. PA grew its position in shares of EZCORP by 59.3% in the 2nd quarter. Federated Investors Inc. PA now owns 218,507 shares of the credit services provider’s stock valued at $1,683,000 after buying an additional 81,356 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of EZCORP in the 2nd quarter valued at about $1,325,000. Rovida Advisors Inc. lifted its stake in shares of EZCORP by 20.8% in the 2nd quarter. Rovida Advisors Inc. now owns 3,075,000 shares of the credit services provider’s stock valued at $23,524,000 after purchasing an additional 528,591 shares during the period. Principal Financial Group Inc. lifted its stake in shares of EZCORP by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 370,583 shares of the credit services provider’s stock valued at $3,020,000 after purchasing an additional 15,202 shares during the period. Finally, CNA Financial Corp lifted its stake in shares of EZCORP by 79.8% in the 2nd quarter. CNA Financial Corp now owns 73,900 shares of the credit services provider’s stock valued at $569,000 after purchasing an additional 32,800 shares during the period. Hedge funds and other institutional investors own 89.43% of the company’s stock.

EZCORP Company Profile

EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.

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